We explain the firm downsizing trend of the recent decades by the new abundance of information - the ICT revolution. Production processes differ in their information requirements: while decentralized production by means of market exchanges is information-intensive, less information per unit of...

This article formalises the idea of money-metric production frontiers, which we propose as a general framework for nonparametric evaluation of economic efficiency. As we show in our methodological discussion, this improves the flexibility and economic interpretation of our model. The empirical...

It is often claimed that small and young firms account for a disproportionately large share of net employment growth. We conduct a meta-analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms -- so-called Gazelles -- that are...

Only a minority of micro-businesses create jobs for others. This paper addresses whether personal characteristics and resources of the microbusiness owner or the local external economic environment are drivers of job creation. In the UK context of significant growth in self-employment but a...

This paper investigates the impact of the COVID-19 pandemic on UK third sector (non-profit organizations and social enterprises) and socially-oriented small and medium-sized enterprises (SMEs), and provides insights regarding their organizational resilience. Using data from the Longitudinal...

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...